How to Apply for Pradhan Mantri Awas Yojana Scheme

Owning a house is every Indian’s dream. But the skyrocketing price of real estate makes most of the people away from realising their dream. The government of India has initiated a scheme called Pradhan Mantri Awas Yojana which will help to families owning a house. If you want to know the effect of GST on home pricing, I recomend you to read my article ‘Effect of GST on Home buyers‘.

The program is targeted to the people belong to Schedule caste/ Schedule tribe, economically weaker section (EWS) and Lower Income group (LIG). Women and senior citizens will be given special preferences for this scheme.

The scheme would have three phases which were conceptualized during the start of the project:

Conclusion:

A major portion of Indians doesn’t have the comfort of a home. This initiative is very good if it is implemented well. Slum dwellers and lower income people will get their own home under this scheme. The extension of the benefit of CLSS scheme to MIG will surely boost the real estate sector. This will also ease the life of MIG people in the form of lower EMI.

If you have already availed the benefit, share your experiences.

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